Ultra Petroleum Corp. provided earnings and production guidance for the year 2017. For the year, the company expects the projected earnings before interest, taxes, depreciation, depletion and amortization to be in range between $650.0 million and $700.0 million, capital budget of $500.0 million. With this investment, Ultra is targeting production of 795 to 820 MMcfe per day, an increase of approximately 7% to 10% when compared to 2016 exit production rates. The company expects to participate in approximately 245 total gross (193 net) Wyoming wells in 2017, compared to 110 total gross (78 net) wells in 2016. The company projects a zero book tax. The company expects production to grow to 290 to 300 Bcfe, compared to production of 281.7 Bcfe a year ago. Based on the company's guidance, approximately 96% of the company’s production forecast will come from the Rockies.